B90 Holdings (B90 LN) - Successful transition, outlook unchanged

2023 revenue is expected to be in line with expectations. Adjusted EBITDA loss is expected to be higher than we expected.

Hybridan Small Cap Feast - 08 Nov 23

8th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

B90 Holdings (B90 LN) - H1: Repositioning to scale

H1 was a period of investment and restructuring that has positioned the company for strong future growth. B90 recorded an extraordinary loss of €0.8m, whilst it fully replaced its management team, but by the end of the half the company returned to investment, from which it expects to begin benefiting in the current quarter. Moreover, the company has embarked on an ambitious buy-and-build strategy that takes advantage of attractive opportunities in the fragmented online gaming sector. B90 raised

Hybridan Small Cap Feast 15-09-2023

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Announced ITF 12 July: Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Admission delayed. Announced ITF 6 July: Blackpoint Biotech plc, a medical cannabinoids co

B90 Holdings (B90 LN) - Initiation: All in on B90

B90 operates online gaming sites and manages sites and services that provide leads and customers to other online gaming operators. The company adapts this hybrid strategy for mature and emerging markets to optimise costs and returns. The company is led by a proven management team and is sourcing accretive acquisitions to consolidate the fragmented online gaming sector. Our DCF analysis points to a valuation of 8.8p per share, indicating c. 53% potential upside.

B90 Holdings* - Upping the Ante

Upping the Ante

Small Cap Feast: 23/08/21

While we were away…. ….Joiners 5 new ones over last 3 weeks: Yooma Wellness Inc (AQSE: YOOM), a global vertically integrated wellness platform that develops and markets a portfolio of CBD and wellness brands, announces it has joined the AQSE Growth Market. Yooma, together with its European deal coordinator, Chrystal Capital Partners LLP, have raised gross proceeds of GBP7.5m , at a price of C$0.90 (£0.5232) per share. Lorne Abony, Chairman of Yooma, said: "Yooma's listing on the AQSE provides

Small Cap Feast

MAST Energy Developments (MED) is to IPO on the Standard List on 14th April 2021 under the ticker MAST. The company has raised £5m giving a market capitalisation on listing of c. £23m. MED is currently a 100% subsidiary company of AIM quoted, Kibo Energy*. MED was established to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market. PensionBee has confirmed its intention to float on the High Growth Se

Small Cap Feast

Caerus Mineral Resources (CMRS.L) a London based exploration and resource development company focused on developing mineral resources in Europe, recently announced the acquisition of New Cyprus Copper P.A. Ltd and today completed its IPO onto the Standard List. The NCC Acquisition provides Caerus with access to copper - gold exploration licences in the Republic of Cyprus. The company has raised circa £2.25m by way of placing and subscription. Market Cap £5m.

Small Cap Feast

Small Cap Feast

Renold plc—a leading international supplier of industrial chains and related power transmission products, announced that it will cancel the listing of the Company from the premium segment and apply for admission on AIM. Expected 06 June 2019. Alumasc Group plc, the premium building products, systems and solutions group, has announced its intention to move from the Premium Segment of the main market to AIM. Expected market cap of £33.4m. Expected 25 June 2019

Interims to June 2018

Interims shows revenue +40% YoY to €8.9m (€6.4m), EBITDA +5% YoY to €4m, as higher marketing costs +60% to €2.8m (€1.8m) and higher admin costs muted profit growth. Cash at half year was €1.0m, which improved slightly to €1.2m as at 21 Sept and a further €0.3m expected from Altair for September. Receivables at 21 Sept was €10.7m, small improvement since half year at €11.5m. On track to launch own regulated financial brand in the 4Q18. Renegotiating payment terms in marketing vertical from 90days

Betsson contract extention, receivables update, own financial trading brand on track for 4Q18 launch

VLTY announces that it has extended its marketing contract with Betsson (sports & casino) for a further three years to May 2021. Management reference that progress is being made with receivables, and on track to launch own regulated financial trading brand in the 4Q18. Cash has improved since July to currently €1.3m a further c. €0.65m expected before the end of August, management expects to take cash to c. €1.8m at the end of August.

Trading Update – positive news on dated receivable

Revenue in the 1H18 is in line with management expectations, with revenues from marketing activities in online financial trading ahead of expectations. Bet90 continues to achieve good growth and the Board is looking to accelerate investment in marketing Bet90, including the rollout into the South American market. The result is increased costs in the 1H18 where EBITDA is expected to be marginally below budget in the 1H18. Cash as at the end of June 2018 was €1m.